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of course, they wanted to defeat president obama from the start, but despite their obstruction, unemployment has fallen to the lowest point since president obama's first month in office. today, job numbers closed the chapter of president obama's first term, and his economic agenda. it's worked. but if you need to be reminded of where this country was when he took office, just listen to house democratic leader nancy pelosi from my radio show today. >> four years ago in september, when president bush was president, and on september 18th when i had the chairman of the fed and the secretary of the treasury and others in my office, democrats and republicans, house and senate leadership, the chairman of the fed said if we do not act immediately, we will not have an economy by monday. are we better off today than we were four years ago? our country absolutely is. can it be better for many of america's familys? absolutely and it would have been if the republicans had not obstructed. >> the president and the democrats were able to get this country going, i guess you could say with one arm tied behind
of course, they wanted to defeat president obama from the start, but despite their obstruction, unemployment has fallen to the lowest point since president obama's first month in office. today, job numbers closed the chapter of president obama's first term, and his economic agenda. it's worked. but if you need to be reminded of where this country was when he took office, just listen to house democratic leader nancy pelosi from my radio show today. >> four years ago in september, when...
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Nov 3, 2012
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>> i say unemployment right now is higher than when president obama took office in 2009. and that's not good enough to be of any significant, in my opinion, any significant help to gov. romney. and that is 23 million people without work, who are working without, you know, a full-time job who want them or have given up work being all together. >> so you, lou dobbs, take the exact opposite stance that cbs news radio takes? exactly the opposite? >> imagine that. >> but look, come on now, cbs radio goes out to thousands of radio stations, people like me listen to it in their car or when you get up, this and that. you respect -- are a respected economic reporter. you say i don't think it's logical. >> you know they have to spin it the president's way. >> what it portrays a lack of understanding what is happening here and the numbers tell the story. this is a workforce in this country of over 135 million people. we see a net change within that of 171,000 people in one month. it takes about 150,000 of them to just keep up with population growth and suddenly there's economists on
>> i say unemployment right now is higher than when president obama took office in 2009. and that's not good enough to be of any significant, in my opinion, any significant help to gov. romney. and that is 23 million people without work, who are working without, you know, a full-time job who want them or have given up work being all together. >> so you, lou dobbs, take the exact opposite stance that cbs news radio takes? exactly the opposite? >> imagine that. >> but...
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unemployment is higher today than when barack obama took office. >> mitt romney earlier today. you're looking at live pictures now from westchester in ohio, where rudy giuliani, the former mayor of new york, has given a blistering speech attacking barack obama. in a few minutes, he will be on this show live and exclusive to tell me why he feels so strongly why the president should leave the office. let's start with these long lines for gas. susan candiotti is at one gas station in new jersey. i have been following your travails for most of the day. you have been joining endless lines for gas in your car. most of the time coming up against a blank. where are you now and how does it all end? >> reporter: well, it all ended with us not getting any gas. it looks like a ghost town here. you can see they were open for a good nine hours. they had the supply but those lines just sucked it all up. too many customers and eventually they had to shut down tonight. so a lot of people were turned back and yes, piers, we went to two different places, spent the whole afternoon in two different
unemployment is higher today than when barack obama took office. >> mitt romney earlier today. you're looking at live pictures now from westchester in ohio, where rudy giuliani, the former mayor of new york, has given a blistering speech attacking barack obama. in a few minutes, he will be on this show live and exclusive to tell me why he feels so strongly why the president should leave the office. let's start with these long lines for gas. susan candiotti is at one gas station in new...
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than expected. >> that's good. >> unemployment is higher today than when barack obama took office. >> he is about as hollow as the tin man. >> if we don't run candy crowley, romney will be the nominee and he'll lose. >>> we begin tonight with the latest on the recovery from the devastation of hurricane sandy. nbc news has now confirmed 94 deaths from the storm. more than half of those killed, 48 died in the state of new york. of that 48 in the state, 40 deaths occurred here in new york city. and of those 40 new york city deaths, more than half, 22, occurred in the borough that was the hardest hit. staten island. it's greater than every other state hit by the storm. in new jersey, 13 died. 11 people died in maryland. there were seven deaths in pennsylvania. west virginia lost six people, four people died in connecticut, in north carolina two died and one person died in puerto rico. speaking to reporters today on staten island, homeland security. >> it's been mentioned this was a large storm. the area that sandy covered was roughly the size of europe. we know that staten island took a
than expected. >> that's good. >> unemployment is higher today than when barack obama took office. >> he is about as hollow as the tin man. >> if we don't run candy crowley, romney will be the nominee and he'll lose. >>> we begin tonight with the latest on the recovery from the devastation of hurricane sandy. nbc news has now confirmed 94 deaths from the storm. more than half of those killed, 48 died in the state of new york. of that 48 in the state, 40 deaths...
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. >> unemployment today is higher than on the day barack obama took office. >> eliot: what he didn't say was that the economy was losing 800,000 jobs a month when obama took office. during his term the economy added millions of jobs. professor at us berkeley goldman school of public policy and author of "beyond outrage: what has gone wrong with our economy and our democracy and how to fix it." hello, mr. secretary. >> hello eliot. >> eliot: there was a massive conspiracy that the economy was picking up steam. do you think the numbers prove there is an accelerating fact that there improvement. >> the reason why unemployment ticked up was because more people are trying to find jobs now, and in that particular survey the bureau of labor statistics only looks at the number of people who are trying to find jobs. when more people are trying to because they are more optimistic about there being jobs there that means the unemployment rate actually ironically goes up. the real important number is the establishment survey number. that 171,000 new jobs is a major marker and it shows indubitably
. >> unemployment today is higher than on the day barack obama took office. >> eliot: what he didn't say was that the economy was losing 800,000 jobs a month when obama took office. during his term the economy added millions of jobs. professor at us berkeley goldman school of public policy and author of "beyond outrage: what has gone wrong with our economy and our democracy and how to fix it." hello, mr. secretary. >> hello eliot. >> eliot: there was a massive...
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it's still close obama on average just three points. the unemployment in nevada is just under 12%. in a sense the president shouldn't even be competitive. >> cenk: but the demographics are huge. >> yes. >> cenk: when we come back, the elbow of the day. i'll give it away, it's on an republican head. but whwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwh ?d
it's still close obama on average just three points. the unemployment in nevada is just under 12%. in a sense the president shouldn't even be competitive. >> cenk: but the demographics are huge. >> yes. >> cenk: when we come back, the elbow of the day. i'll give it away, it's on an republican head. but whwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwhwh ?d
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if chris christie hadn't done this, if sandy hadn't happened -- >> if we hadn't cheated the unemployment numbers, if the hurricane hadn't happened, bureau of labor statistics. >> polls and media. the liberal media. the mainstream media. >> that's right. >> is that what's going to happen over the next few days, i don't know on thjonathan, in yo experience of covering presidential elections, does this feel premature that they're writing the epitaph or does that tell you what is going to happen? >> it tells you that they are cya'ing right now before the election. they're not going to let themselves and we're all very bullish about the president's prospects on stoous. but until the people actually vote we won't know. what they're doing is very -- if mitt romney does indeed lose everyone is on record as saying, well, if it's this or it was that. it was sandy. >> yeah, of course. except never admitting that he was actually a horrendous candidate. >> heard it. terrible. >> crystal ball, karen finney, jonathan capehart. >>> stay with us, much more from democracy plaza in just a moment. ♪ these
if chris christie hadn't done this, if sandy hadn't happened -- >> if we hadn't cheated the unemployment numbers, if the hurricane hadn't happened, bureau of labor statistics. >> polls and media. the liberal media. the mainstream media. >> that's right. >> is that what's going to happen over the next few days, i don't know on thjonathan, in yo experience of covering presidential elections, does this feel premature that they're writing the epitaph or does that tell you...
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republicans are emphasizing the increase in the unemployment rate from 7.9% to 7.8%. supporters of the president point out 171,000 jobs were created during the month, more than economists projected. i had a chance to talk about the impact of the numbers with the former chairman of the president's council of economic advisers. he's now a professor of economics at chicago's booth school of business. i asked him if he agreed with mitt romney's assessment that the, quote, increase in the unemployment rate is a sad reminder that the economy is at a virtual standstill. >> i don't think so. the last month, the unemployment rate came down three ticks. and the romney campaign complained that we hadn't created more jobs. this month, the number of jobs created was 30%, 40% higher than expected and was fairly strong. and then they criticize that the unemployment rate ticked up one tenth. it's the last number before the election, so i think both sides are going to see, try to go through and interpret what it means. i think overall, most economists view it as a fairly solid report.
republicans are emphasizing the increase in the unemployment rate from 7.9% to 7.8%. supporters of the president point out 171,000 jobs were created during the month, more than economists projected. i had a chance to talk about the impact of the numbers with the former chairman of the president's council of economic advisers. he's now a professor of economics at chicago's booth school of business. i asked him if he agreed with mitt romney's assessment that the, quote, increase in the...
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we thent for gore, clinton twice and this is a state not feeling the pain. 5% unemployment. they didn't have the foreclosure problem. they are a prosperous state. the recession skips over iowa. they are liking obama. >> whatever happens, whoever wins and we did our election maps and i have iowa going to obama, iowa is a state where romney will have his best gains in the country where john mccain didn't in 2008. this was a 10 or 11 point race in 2008. now two, three, four would be a lot for obama. you can go back to 2004, bush won a squeaker. in 2000 gore won it by 4,000. iowa is two states. we say it's a progressive tradition. there's a ton of social conservative, religious social conservatives in western iowa and there's also a lot of these white working class middle class voters as a demo brafic have turned hard on obama across the country. iowa, they are particularly pronounced in that state. a lot more for romney to work with. your point is key, i mentioned this last week on the show. in the 1980s iowa was an exception. the national economy was strong. farm economy colla
we thent for gore, clinton twice and this is a state not feeling the pain. 5% unemployment. they didn't have the foreclosure problem. they are a prosperous state. the recession skips over iowa. they are liking obama. >> whatever happens, whoever wins and we did our election maps and i have iowa going to obama, iowa is a state where romney will have his best gains in the country where john mccain didn't in 2008. this was a 10 or 11 point race in 2008. now two, three, four would be a lot...
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earlier, congressman paul ryan talked about the long list of obama's broken promises. there is no end to it. watch this. >>> remember when said he would cut the deficit in half? i don't even have to follow up that one, do i? what we are seeing today is that 23 million americans are struggling to find work today. what we see today s that 15% of our fellow country men and women are living in poverty. this is the highest poverty rate in a generation. the economy is growing at less than half the rate the president said it would be growing at if only he could borrow a bunch of money and spend it on his cronies in the stimulus package. we are 9 million jobs short of what he said he would accomplish. >> sean: the simple truth is the obama administration has done nothing to move this country forward, only backwards. and haar to respond to the president's chances on tuesday, his handling of the storm and much more, former alaska governor and fox news contributor sarah palin. governor, this is simple for me. one in six americans in poverty. $6 trillion debt. 17 million, 17 milli
earlier, congressman paul ryan talked about the long list of obama's broken promises. there is no end to it. watch this. >>> remember when said he would cut the deficit in half? i don't even have to follow up that one, do i? what we are seeing today is that 23 million americans are struggling to find work today. what we see today s that 15% of our fellow country men and women are living in poverty. this is the highest poverty rate in a generation. the economy is growing at less than...
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with me, previous chairman of president obama council of economic advisers, and mark zandi, from moody's analytic, welcome inside "the war room." >> great to see you again governor. >> jennifer: can you explain why the unemployment rate ticked up to 7.9 when the economy did add more than 170,000 new jobs. >> it's largely because the labor force increased very significantly. we saw an increase in employment but the labor force increased more. those who stepped out of the labor force stepped back in. some are unemployed and looking for work, so the unemployment rate kicked up. i take solace in the job gain. it was strong. and the increase, both those things are good things. obviously i would like to see unemployment move lower more quicklyish but these numbers were pretty good. >> jennifer: austin, let me ask you about that, how many jobs do we need to create every month to make a real dent in the monthly unemployment number. >> rule of thumb you need 120,000-125,000 a month to keep up with population. if you have a sustained 175,000 per month for a long time you had unemployment rate will
with me, previous chairman of president obama council of economic advisers, and mark zandi, from moody's analytic, welcome inside "the war room." >> great to see you again governor. >> jennifer: can you explain why the unemployment rate ticked up to 7.9 when the economy did add more than 170,000 new jobs. >> it's largely because the labor force increased very significantly. we saw an increase in employment but the labor force increased more. those who stepped out of...